Tech
Ola Electric Slumps 6% After SoftBank Dilutes Stake
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SUMMARY
SoftBank is the second-largest shareholder in Ola Electric after founder Bhavish Aggarwal, who held 30.02% in the company at the end of the June quarter
The investment arm of SoftBank, SVF II Ostrich (DE) LLC, sold 2.15% stake in the company between July 15 and September 2
Following the share sale, its stake in the Bhavish Aggarwal-led company declined to 15.68% from 17.83% before
Shares of Ola Electric slumped as much as 6% to INR 60.70 during the early trading hours…
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